Indoco Remedies Limited Logo

Indoco Remedies Limited

INDOCO.NS

(3.2)
Stock Price

369,45 INR

6.34% ROA

9.69% ROE

30.5x PER

Market Cap.

34.717.663.200,00 INR

46.43% DER

0.6% Yield

5.71% NPM

Indoco Remedies Limited Stock Analysis

Indoco Remedies Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Indoco Remedies Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (21.64%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 DER

The stock has a low debt to equity ratio (46%), which means it has a small amount of debt compared to the ownership it holds

3 Revenue Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

4 Assets Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

5 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

6 ROA

The stock's ROA (6.34%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

7 PBV

The stock's PBV ratio (2.88x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

8 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (9.496) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

9 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

10 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

11 Dividend Growth

The company's dividend growth has remained unchanged for three years, signaling a lack of positive momentum and making it a less favorable investment choice.

Indoco Remedies Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Indoco Remedies Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Indoco Remedies Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Indoco Remedies Limited Revenue
Year Revenue Growth
2004 1.941.453.000
2005 2.434.265.000 20.24%
2006 3.259.867.000 25.33%
2007 0 0%
2008 2.626.847.000 100%
2009 3.982.848.000 34.05%
2010 4.835.573.000 17.63%
2011 5.687.725.000 14.98%
2012 6.303.962.000 9.78%
2013 7.326.091.000 13.95%
2014 8.569.537.000 14.51%
2015 10.037.572.000 14.63%
2016 10.967.707.000 8.48%
2017 10.176.712.000 -7.77%
2018 9.420.811.000 -8.02%
2019 10.799.754.000 12.77%
2020 12.186.078.000 11.38%
2021 15.037.374.000 18.96%
2022 16.400.500.000 8.31%
2023 18.943.200.000 13.42%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Indoco Remedies Limited Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 54.465.000 100%
2007 0 0%
2008 71.832.000 100%
2009 102.226.000 29.73%
2010 93.415.000 -9.43%
2011 108.032.000 13.53%
2012 129.024.000 16.27%
2013 144.286.000 10.58%
2014 216.715.000 33.42%
2015 431.787.000 49.81%
2016 517.104.000 16.5%
2017 534.898.000 3.33%
2018 515.155.000 -3.83%
2019 497.020.000 -3.65%
2020 597.036.000 16.75%
2021 746.419.000 20.01%
2022 809.700.000 7.82%
2023 1.030.800.000 21.45%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Indoco Remedies Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 544.052.000 100%
2012 0 0%
2013 0 0%
2014 0 0%
2015 42.686.000 100%
2016 132.704.000 67.83%
2017 125.484.000 -5.75%
2018 153.906.000 18.47%
2019 295.503.000 47.92%
2020 167.295.000 -76.64%
2021 125.134.000 -33.69%
2022 0 0%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Indoco Remedies Limited EBITDA
Year EBITDA Growth
2004 490.818.000
2005 613.957.000 20.06%
2006 818.757.000 25.01%
2007 0 0%
2008 672.237.000 100%
2009 833.625.000 19.36%
2010 724.408.000 -15.08%
2011 869.309.000 16.67%
2012 934.946.000 7.02%
2013 1.213.958.000 22.98%
2014 1.633.715.000 25.69%
2015 1.711.219.000 4.53%
2016 1.691.334.000 -1.18%
2017 1.389.880.000 -21.69%
2018 821.124.000 -69.27%
2019 1.327.244.000 38.13%
2020 2.412.614.000 44.99%
2021 3.325.343.000 27.45%
2022 2.884.400.000 -15.29%
2023 3.032.000.000 4.87%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Indoco Remedies Limited Gross Profit
Year Gross Profit Growth
2004 1.941.453.000
2005 2.434.265.000 20.24%
2006 3.259.867.000 25.33%
2007 0 0%
2008 2.626.847.000 100%
2009 3.982.848.000 34.05%
2010 2.704.131.000 -47.29%
2011 2.811.862.000 3.83%
2012 3.684.331.000 23.68%
2013 4.606.270.000 20.01%
2014 5.565.115.000 17.23%
2015 6.322.501.000 11.98%
2016 7.107.824.000 11.05%
2017 6.666.523.000 -6.62%
2018 6.184.519.000 -7.79%
2019 7.449.055.000 16.98%
2020 8.589.668.000 13.28%
2021 10.399.718.000 17.4%
2022 11.187.600.000 7.04%
2023 13.050.800.000 14.28%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Indoco Remedies Limited Net Profit
Year Net Profit Growth
2004 250.423.000
2005 314.908.000 20.48%
2006 420.382.000 25.09%
2007 0 0%
2008 300.967.000 100%
2009 420.921.000 28.5%
2010 511.178.000 17.66%
2011 463.424.000 -10.3%
2012 426.585.000 -8.64%
2013 579.812.000 26.43%
2014 828.125.000 29.98%
2015 829.803.000 0.2%
2016 770.610.000 -7.68%
2017 411.610.000 -87.22%
2018 -29.040.000 1517.39%
2019 241.174.000 112.04%
2020 930.455.000 74.08%
2021 1.547.995.000 39.89%
2022 1.422.500.000 -8.82%
2023 1.403.200.000 -1.38%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Indoco Remedies Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 3
2005 3 0%
2006 5 25%
2007 0 0%
2008 3 100%
2009 5 25%
2010 6 20%
2011 5 0%
2012 5 -25%
2013 6 33.33%
2014 9 25%
2015 9 0%
2016 8 0%
2017 4 -100%
2018 0 0%
2019 3 100%
2020 10 80%
2021 17 37.5%
2022 15 -6.67%
2023 15 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Indoco Remedies Limited Free Cashflow
Year Free Cashflow Growth
2004 -460.777.000
2005 -168.836.000 -172.91%
2006 -73.891.000 -128.49%
2008 76.164.000 197.02%
2009 -2.474.000 3178.58%
2010 -385.788.000 99.36%
2011 589.705.000 165.42%
2012 255.064.000 -131.2%
2013 570.436.000 55.29%
2014 207.624.000 -174.74%
2015 156.369.000 -32.78%
2016 -1.009.330.000 115.49%
2017 -167.307.000 -503.28%
2018 351.652.000 147.58%
2019 643.833.000 45.38%
2020 53.731.000 -1098.25%
2021 485.052.000 88.92%
2022 -284.300.000 270.61%
2023 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Indoco Remedies Limited Operating Cashflow
Year Operating Cashflow Growth
2004 60.744.000
2005 369.864.000 83.58%
2006 84.758.000 -336.38%
2008 377.636.000 77.56%
2009 478.396.000 21.06%
2010 421.360.000 -13.54%
2011 589.705.000 28.55%
2012 688.692.000 14.37%
2013 988.085.000 30.3%
2014 1.095.000.000 9.76%
2015 1.133.374.000 3.39%
2016 886.397.000 -27.86%
2017 1.227.169.000 27.77%
2018 1.321.138.000 7.11%
2019 1.228.477.000 -7.54%
2020 822.220.000 -49.41%
2021 1.738.287.000 52.7%
2022 1.788.200.000 2.79%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Indoco Remedies Limited Capital Expenditure
Year Capital Expenditure Growth
2004 521.521.000
2005 538.700.000 3.19%
2006 158.649.000 -239.55%
2008 301.472.000 47.38%
2009 480.870.000 37.31%
2010 807.148.000 40.42%
2011 0 0%
2012 433.628.000 100%
2013 417.649.000 -3.83%
2014 887.376.000 52.93%
2015 977.005.000 9.17%
2016 1.895.727.000 48.46%
2017 1.394.476.000 -35.95%
2018 969.486.000 -43.84%
2019 584.644.000 -65.83%
2020 768.489.000 23.92%
2021 1.253.235.000 38.68%
2022 2.072.500.000 39.53%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Indoco Remedies Limited Equity
Year Equity Growth
2004 1.753.147.000
2005 1.983.805.000 11.63%
2006 2.330.162.000 14.86%
2008 2.784.428.000 16.31%
2009 3.105.056.000 10.33%
2010 3.501.993.000 11.33%
2011 3.847.605.000 8.98%
2012 4.140.443.000 7.07%
2013 4.571.507.000 9.43%
2014 5.188.097.000 11.88%
2015 5.843.139.000 11.21%
2016 6.515.516.000 10.32%
2017 6.749.811.000 3.47%
2018 6.606.224.000 -2.17%
2019 6.795.694.000 2.79%
2020 7.689.906.000 11.63%
2021 9.046.401.000 14.99%
2022 10.282.500.000 12.02%
2023 10.703.500.000 3.93%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Indoco Remedies Limited Assets
Year Assets Growth
2004 2.849.224.000
2005 3.106.985.000 8.3%
2006 3.470.091.000 10.46%
2008 4.157.237.000 16.53%
2009 4.790.622.000 13.22%
2010 5.645.839.000 15.15%
2011 6.563.669.000 13.98%
2012 6.893.451.000 4.78%
2013 7.294.139.000 5.49%
2014 8.455.833.000 13.74%
2015 9.637.462.000 12.26%
2016 11.969.631.000 19.48%
2017 12.362.562.000 3.18%
2018 12.580.498.000 1.73%
2019 12.715.951.000 1.07%
2020 13.150.615.000 3.31%
2021 14.860.921.000 11.51%
2022 16.582.000.000 10.38%
2023 19.380.400.000 14.44%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Indoco Remedies Limited Liabilities
Year Liabilities Growth
2004 1.096.077.000
2005 1.123.180.000 2.41%
2006 1.139.929.000 1.47%
2008 1.372.809.000 16.96%
2009 1.685.566.000 18.56%
2010 2.143.846.000 21.38%
2011 2.716.064.000 21.07%
2012 2.753.008.000 1.34%
2013 2.720.152.000 -1.21%
2014 3.267.736.000 16.76%
2015 3.794.323.000 13.88%
2016 5.454.107.000 30.43%
2017 5.612.743.000 2.83%
2018 5.974.274.000 6.05%
2019 5.920.257.000 -0.91%
2020 5.460.709.000 -8.42%
2021 5.814.520.000 6.08%
2022 6.299.500.000 7.7%
2023 8.676.900.000 27.4%

Indoco Remedies Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
188.42
Net Income per Share
12.35
Price to Earning Ratio
30.5x
Price To Sales Ratio
2.01x
POCF Ratio
5262.03
PFCF Ratio
5280.25
Price to Book Ratio
3.24
EV to Sales
2.26
EV Over EBITDA
14.52
EV to Operating CashFlow
5941.87
EV to FreeCashFlow
5941.87
Earnings Yield
0.03
FreeCashFlow Yield
0
Market Cap
34,72 Bil.
Enterprise Value
39,07 Bil.
Graham Number
179.8
Graham NetNet
-32.98

Income Statement Metrics

Net Income per Share
12.35
Income Quality
0.01
ROE
0.22
Return On Assets
0
Return On Capital Employed
0
Net Income per EBT
0.72
EBT Per Ebit
0.77
Ebit per Revenue
0.1
Effective Tax Rate
0.29

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0.05
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.69
Operating Profit Margin
0.1
Pretax Profit Margin
0.08
Net Profit Margin
0.06

Dividends

Dividend Yield
0.01
Dividend Yield %
0.6
Payout Ratio
0
Dividend Per Share
2.25

Operating Metrics

Operating Cashflow per Share
0.07
Free CashFlow per Share
0.07
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.09
Return on Tangible Assets
0.06
Days Sales Outstanding
85.46
Days Payables Outstanding
115.23
Days of Inventory on Hand
241.23
Receivables Turnover
4.27
Payables Turnover
3.17
Inventory Turnover
1.51
Capex per Share
0

Balance Sheet

Cash per Share
9,07
Book Value per Share
116,34
Tangible Book Value per Share
100.28
Shareholders Equity per Share
116.34
Interest Debt per Share
57.45
Debt to Equity
0.46
Debt to Assets
0.26
Net Debt to EBITDA
1.62
Current Ratio
1.76
Tangible Asset Value
9,21 Bil.
Net Current Asset Value
1,30 Bil.
Invested Capital
0.46
Working Capital
4,29 Bil.
Intangibles to Total Assets
0.08
Average Receivables
2,03 Bil.
Average Payables
0,85 Bil.
Average Inventory
1777150000
Debt to Market Cap
0.14

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Indoco Remedies Limited Dividends
Year Dividends Growth
2005 3
2006 4 25%
2007 4 0%
2008 6 20%
2009 1 -400%
2010 5 75%
2011 5 20%
2012 1 -400%
2013 1 0%
2014 1 0%
2015 2 0%
2016 2 0%
2017 2 0%
2018 1 0%
2019 0 0%
2020 0 0%
2021 2 100%
2022 1 0%
2023 2 100%

Indoco Remedies Limited Profile

About Indoco Remedies Limited

Indoco Remedies Limited manufactures and sells formulations and active pharmaceutical ingredients in India and internationally. The company offers respiratory products, such as Karvol Plus, Febrex Plus, and Tuspel; stomatologicals products that include Sensodent-K, Sensoform Toothpaste, Sensoform Gum Paint, Rexidin M, Rexidin SRS, RR Sensoform Dental, Snowdent, Kidodent, Rexidin Plus, and Dentogel; gastrointestinal products, such as Carmicide, Cyclopam, Cyclomeff, and Nosic; pain/analgesics products that include Lignox and T-lac; and ophthal/otologicals products, such as Renolen, Homide, Dexoren – S, Zincoren, Otorex, Mofloren-D, and Mofloren LP. It also provides vitamins/minerals/nutrients that include Methycal, Cital UTI, SM Fibro, Cal Aid, SM Fibro, MCBM DHA, and Apispur; urology products, such as Carmicide and Cital; Cloben G and Scabex for dermatology; ATM for anti-infectives; Hemsyl for blood related; MCBM 69 and D Chiro for gynecological; and Spear for anti-haemorrhoidal. In addition, the company provides analytical services, such as impurity profile, particle size analysis, heavy metal analysis, polymorphism and compatibility studies, extractables and leachables studies, lyophilization studies, reference and working standards, forced degradation studies, and chromatographic method development and validation services. Further, it offers services that include architectural design, lighting, mechanical and utility engineering, project and construction management, electrical, control system, piping, structural design, data transfer system, and process engineering. The company serves general practitioners, pediatricians, consultant physicians, dentists, cardiologists, diabetologists, endocrinologists, gynaecologists, and ophthalmologists. The company was formerly known as Indo Continental Trading Company. Indoco Remedies Limited was founded in 1945 and is based in Mumbai, India.

CEO
Mr. Suresh Govind Kare
Employee
6.000
Address
Indoco House
Mumbai, 400098

Indoco Remedies Limited Executives & BODs

Indoco Remedies Limited Executives & BODs
# Name Age
1 Mr. Ramanathan Hariharan
GM of Legal, Company Secretary & Compliance Officer
70
2 Mr. A. S. Rege
President of Operations
70
3 Mr. Vilas V. Nagare
President of Corporate Affairs and M&A
70
4 Mr. Suresh Govind Kare
Non-Executive Chairman & Whole time Director
70
5 Mr. Sundeep Vasant Bambolkar
Joint MD & Executive Director
70
6 Ms. Aditi Milind Panandikar
MD & Executive Director
70
7 Mr. Pramod Ghorpade
Chief Financial Officer
70
8 Dr. Kavita Inamdar
Chief Technical Officer
70
9 Mr. Bandari Rajendra Kumar
Senior Vice President of Marketing
70

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